Chinese sports shoe retailer Anta Sports has delivered its sixth consecutive year of sales growth, reaching a record $4.8bn in 2019, 40 per cent up on the prior period.
Hong Kong-listed Anta Group owns many Chinese and international sports brands, including Anta, Fila, Descente and Kolon Sport. Sales of the Anta brand surged 21.8 per cent, and for Fila by 73.9 per cent. Profit attributable to shareholders was a record $757M, up 30.3 per cent, marking the third consecutive year of 30 per cent plus growth for the company.
Anta ended last year with 12,943 stores, 10,516 of those across Mainland China bearing the Anta or Anta Kids banners. Another 1,951 Fila stores are located on the mainland and in Hong Kong, Macau and Singapore and there are 136 Descente stores in China.